Complexity - necessity of operations research, Operation Research

Assignment Help:

In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complicated fashion. There is thus great uncertainty about the outcome of interaction of factors like technological environmental competitive etc. For instance consider a factory production schedule which has to take into account.

a. Customer demand.

b. Requirements of raw materials.

c. Equipment capacity and possibility of equipment failure and

d. Restrictions on manufacturing process


Related Discussions:- Complexity - necessity of operations research

Models, what is similation model as a type of mathematical models

what is similation model as a type of mathematical models

MODERN MANAGEMENT, DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH...

DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT

Applications of statistics in management, In a business, statis...

In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research

Competitive models, These models have been developed to establish a trade ...

These models have been developed to establish a trade off between costs of providing and the waiting time of a customer in the queuing system. Constructing a model entails desc

Computer aid for quantitative data analysis, Normal 0 false ...

Normal 0 false false false EN-IN X-NONE X-NONE

Linear programming, 3. A paper mill produces two grades of paper viz., X an...

3. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

Solve lpp question graphically, A producer of furniture manufactures two pr...

A producer of furniture manufactures two products - tables and chairs. Processing of these products is done on two machines A and B. A chair needs 2 hours on machine A and 6 hours

Replacement theory.., a pipe lis dur for rpair,the repair would cost 10000 ...

a pipe lis dur for rpair,the repair would cost 10000 and it would last for 3 years.alternatively a new pipe line can be purchase at 30000 for 10 years.assuming 10% depriciation rat

Vam, how to solve it

how to solve it

Multiple objectives- sampling decisions, Multiple  Objective s The sam...

Multiple  Objective s The sample  may vary according  to the  objective of the research. There  may several objectives  of marketing  research so the  sample  size  may vary a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd